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May 5, 2014
05/14
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at it. do you think there is a discount at all because it is chinese? >> i am not sure there is a discount. there is global demand. talking about the evaluation, that number could be dwarfed by what happens. there will be demand all over the place. whatever valuation metrics to use, that would give buffett nightmares. you want to save ballpark, $500 billion next year -- fine, slap a 50 on it. people will not be looking at it this way. >> would you buy this? >> my concern would be corporate governance. a funky structure where you have minority shareholding but majority control and you are investing in a contract which is in terms of the variable interest entity. so, i think the operations are great. i think the market positioning is great. the evaluation could be whatever. but people have to stomach that you are buying in a legal way to skirt state and chinese law -- >> back it up. if i am an american investor, i kind of like the idea it will be subject to american rules. let's face it. our c
at it. do you think there is a discount at all because it is chinese? >> i am not sure there is a discount. there is global demand. talking about the evaluation, that number could be dwarfed by what happens. there will be demand all over the place. whatever valuation metrics to use, that would give buffett nightmares. you want to save ballpark, $500 billion next year -- fine, slap a 50 on it. people will not be looking at it this way. >> would you buy this? >> my concern would...
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May 8, 2014
05/14
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take a look at oil -- ready autral, basically supplies at seasonal record high. the market had run up however, but supplies are just not that type. even china importing a record amount of oil wasn't able to support oil prices today. taking a look quickly at gold, down today, talking about how the housing recovery was not enough to boost the gold market, and up ever so slightly. ♪ >> this is "taking stock." i am pimm fox. today's theme is perspective. we are going to give you a lot of it. providing a unique perspective when it comes to shooting video. how they plan to complete with go pro cameras. a new definition of a bond car. he's going to tell me about his sales approach and this insight into his attempt to save
take a look at oil -- ready autral, basically supplies at seasonal record high. the market had run up however, but supplies are just not that type. even china importing a record amount of oil wasn't able to support oil prices today. taking a look quickly at gold, down today, talking about how the housing recovery was not enough to boost the gold market, and up ever so slightly. ♪ >> this is "taking stock." i am pimm fox. today's theme is perspective. we are going to give you a...
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May 1, 2014
05/14
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at&t has approached directv for talks. .hares are at a record of course there has been a lot of merger talk in the industry. this reportedly also approached directv. our big story,to a megamerger in the telecom industry could be in the works. softbank planning to move forward with a bid for t-mobile. the company met with them this month to make that arrangement for the t-mobile offer and could be a pretty big win or sprint. the acquisition target added more subscribers in the first quarter than at&t and verizon combined, adding 1.3 million new monthly subscribers. joining me to discuss, jeff mccracken, bloomberg news managing editor and tina moby. also, emily chang. i know you just sat down with the t-mobile ceo. what did he have to say about potentially running the t-mobile merger? kudos to the team for breaking the story and also breaking the scoop john leger is a leading cavender asked canada to run up potential merger. i love interviewing john because he never minces words. always provocative. any other ceo might not have done the interview at all after we broke the story but he ca
at&t has approached directv for talks. .hares are at a record of course there has been a lot of merger talk in the industry. this reportedly also approached directv. our big story,to a megamerger in the telecom industry could be in the works. softbank planning to move forward with a bid for t-mobile. the company met with them this month to make that arrangement for the t-mobile offer and could be a pretty big win or sprint. the acquisition target added more subscribers in the first quarter...
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May 6, 2014
05/14
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at&t talking to directv. and then you bring it back to pharma, pfizer is going after astrazeneca because they saw what they were doing. >> one add-on is that we have seen a large resurgence in mna when it comes to pharma and telecom. we have not seen natural resources come back. there are rockets of activity, but it is not an in cross the kets of activity, but it is not an across-the-board revival. we are going to see more because what is going on with merck, they want to focus on the higher-margin business and possibly get out of their lower margin businesses. i mean there are older drug portfolios. on the call today, they were asked about whether they want to shed their older drug portfolios. he did not answer the question. so it may be on the block. established divisions. pfizer also. they are worth multiple billions of dollars. those are old drugs that have been paid for. it is just a nice cash flow. >> overall, investors should take this is a bullish market. it is a good sign. a good sign people are will
at&t talking to directv. and then you bring it back to pharma, pfizer is going after astrazeneca because they saw what they were doing. >> one add-on is that we have seen a large resurgence in mna when it comes to pharma and telecom. we have not seen natural resources come back. there are rockets of activity, but it is not an in cross the kets of activity, but it is not an across-the-board revival. we are going to see more because what is going on with merck, they want to focus on the...
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May 7, 2014
05/14
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BLOOMBERG
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eye 87
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look at luke oil. they are trading at four times. that is the 30% discount. for a little perspective, they are trading at a 59% this now to its 10 year historical ratio. a mobile company is trading at 23%. -- even by the ordinary shares. there is a simpler way to do that. that is with the russian etf. that the point out stocks that trade are about 3%. we want to make sure everyone knows that russia is cheap. >> we want to highlight a few big movers. shares of groupon sold off after the company or cap second-quarter earnings that came in below estimates. there was a surge in first-quarter sales. you can see that it is down more than 50%. group i shares have tumbled more than 50%. keep an eye on shares of monza leaves. -- mondelez. they are combining their coffee business. they will maybe create a new copy giant. finally, a quick check on commodities. after crudeday supplies dropped to the lowest level in 5 years. that does it for "on the markets." i'm olivia sterns. ♪ this is "taking stock." i am pimm fox. today fame, being careful what you sign up for. not
look at luke oil. they are trading at four times. that is the 30% discount. for a little perspective, they are trading at a 59% this now to its 10 year historical ratio. a mobile company is trading at 23%. -- even by the ordinary shares. there is a simpler way to do that. that is with the russian etf. that the point out stocks that trade are about 3%. we want to make sure everyone knows that russia is cheap. >> we want to highlight a few big movers. shares of groupon sold off after the...
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May 2, 2014
05/14
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reported on at&t looking at in the past as an acquisition. but with the rmb if at&t decided to do this? >> not good for us at all. we have to leave it there. thank you. switching gears, we are talking about this saturday night at the mgm grand garden arena in las vegas. floyd mayweather will look to protect his undefeated record in his whether weight site. joining me, the highest paid athlete in the world, floyd money mayweather. welcome. >> thank you for having me. >> you were earning a minimum, guaranteed, $32 million this saturday. you earned 73 million in 2013. what is your sequence -- what is your secret to concrete negotiations? >> we don't know what the exact number is. of what i made in 2013. but, i'm sure that we going to the good 2014. the only thing we can do is keep our fingers crossed. the remedy is just being smart. pointto this particular in my career by doing the right thing and surrounding myself with the right people. >> is that a part of it? surrounding yourself with the right people? you are doing better than anyone else i
reported on at&t looking at in the past as an acquisition. but with the rmb if at&t decided to do this? >> not good for us at all. we have to leave it there. thank you. switching gears, we are talking about this saturday night at the mgm grand garden arena in las vegas. floyd mayweather will look to protect his undefeated record in his whether weight site. joining me, the highest paid athlete in the world, floyd money mayweather. welcome. >> thank you for having me. >>...